Daniel J. Kiernan - 26 Jul 2020 Form 4 Insider Report for DARDEN RESTAURANTS INC (DRI)

Role
President, Olive Garden
Signature
Jessica P. Lange, Attorney-in-fact for Kiernan, Daniel J.
Issuer symbol
DRI
Transactions as of
26 Jul 2020
Net transactions value
-$11,492
Form type
4
Filing time
22 Jul 2021, 16:04:25 UTC
Next filing
03 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRI Common Stock Options Exercise $0 +38 $0.000000 38 26 Jul 2020 By Spouse F1
transaction DRI Common Stock Disposed to Issuer $2,932 -38 -100% $77.16 0 26 Jul 2020 By Spouse
transaction DRI Common Stock Options Exercise $0 +52 $0.000000 52 27 Jul 2020 By Spouse F1
transaction DRI Common Stock Disposed to Issuer $4,012 -52 -100% $77.16 0 27 Jul 2020 By Spouse
transaction DRI Common Stock Options Exercise $0 +59 $0.000000 59 29 Jul 2020 By Spouse F1
transaction DRI Common Stock Disposed to Issuer $4,547 -59 -100% $77.07 0 29 Jul 2020 By Spouse
holding DRI Common Stock 7,862 26 Jul 2020 Direct
holding DRI Common Stock 131 26 Jul 2020 By 401k and Spouse's 401k F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DRI Restricted Stock Units (DSU) Options Exercise $0 -38 -49% $0.000000 39 26 Jul 2020 Common Stock 38 By Spouse F1, F3, F4
transaction DRI Restricted Stock Units (DSU) Options Exercise $0 -52 -50% $0.000000 53 27 Jul 2020 Common Stock 52 By Spouse F1, F4, F5
transaction DRI Restricted Stock Units (DSU) Options Exercise $0 -59 -100% $0.000000* 0 29 Jul 2020 Common Stock 59 By Spouse F1, F6
transaction DRI Restricted Stock Units (DSU) Award $0 +337 $0.000000 337 29 Jul 2020 Common Stock 337 By Spouse F1, F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit (Darden Stock Unit "DSU") is the economic equivalent of one share of DRI common stock. The restricted stock unit (DSU) becomes payable in cash upon vesting.
F2 Represents holdings in the unitized Darden stock fund under the company's 401k plan for both the reporting person and the reporting person's spouse as of plan statements dated June 23, 2020. 95.03 shares are owned by the reporting person's spouse's 401k. The reporting person disclaims beneficial ownership of these shares.
F3 Vests in two equal annual installments beginning on July 26, 2020.
F4 The reporting person disclaims beneficial ownership of these units.
F5 Vests in two equal annual installments beginning on July 27, 2020.
F6 Vested in two equal annual installments beginning on July 29, 2019.
F7 Vests in two equal installments beginning on July 29, 2023.